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The Better Home Equity Line
Use the equity in your home to finance home improvements, pay tuition, consolidate debts or make major purchases such as an automobile, and you may be eligible for substantial tax advantages (ask your financial advisor for details).
Now the best news: with United's Prime Underline, homeowners can borrow up to 85% of your home's value below the prime rate for the entire life of the loan. No teaser rates that disappear after a few months; no hidden charges.
United Will Pay All Closing Costs for Prime Underline Home Equity Lines
- We pay ALL closing costs when you have a United checking account with a monthly recurring direct deposit.
- We pay ALL closing costs when you transfer a home equity loan balance of $25,000 or more from another financial institution.
- We will rebate your costs when your accumulated interest paid during the first year equals or exceeds your original closing costs.
Annual Percentage Rates as of January 23, 2008 on Prime Underlines $10,000 and above are 6.00% APR. Rates may vary and are indexed to the Prime Rate as published on the last business day of each month in the Wall Street Journal. Closing costs may range from $350 to $2,500.
Prime Underlines are offered for home equity lines from $10,000 and above. Maximum APRs for home equity lines of credit will not exceed 18%. Property insurance required.
With interest rates on the rise, many consumers with variable-rate loans or high-rate credit cards are looking for lower-cost options with reliable rates.
If you're a homeowner, we have a great alternative:
United Bank's Fixed-Rate Home Equity Loan. Choose a term of 5, 10 or even 15 years, and lock in a rate and a fixed monthly payment - so there are no unpleasant surprises for your budget.
| 5-Year Term 6.99% APR* |
| 10-Year Term 7.24% APR* |
| 15-Year Term 7.49% APR* |
| Payment Examples: $25,000/5-year term loan at a rate of 6.99% APR would result in 60 payments of $495.01. $50,000/10-year term loan at a rate of 7.24% APR would result in 120 payments of $586.93. $75,000/15-year term loan at a rate of 7.49% APR would result in 180 payments of $695.12. |
- Open a new loan or convert your variable-rate home equity line from another institution, and United Bank will pay your closing costs.
- Consolidate bills and credit card debt into one convenient payment, and enjoy the added potential bonus of tax-deductible interest. Use your loan to finance home improvements, renovations, major purchases... anything you need.
*Annual Percentage Rates as of 11/01/07. Minimum loan amount is $10,000. Property insurance is required. No closing costs when you have a United checking account with a monthly recurring direct deposit or when you transfer a home equity loan balance of $25,000 or more from another financial institution. Closing costs may range from $350 to $2,500. Consult your financial advisor regarding tax advantages.
